One of the main question remains their capital management : difficult to understand why they do not do any share buyback, while they have a large net cash position, regular and large free cash flow and limited opportunities to open new stores.
Reminder of what they said in Feb 24 : "we are in a strong position to maintain dividend, pursue organic or M&A growth, or consider capital management options" (slide 12 of half year results).
What they added during their conf call : the board wants to maintain strong cash for 6-12 months.
If nothing happens, we will consider capital management options.
Will it finally go above the 1.20-1.30 level ?, page-2
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Last
$1.35 |
Change
-0.035(2.53%) |
Mkt cap ! $176.8M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.31 | $166.6K | 124.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3513 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 17999 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| SSG (ASX) Chart |